Morningstar Rating™

Morningstar SRRI

Benchmarks

Fund Benchmark

BBgBarc Gbl Cor xEM FallenAngel3%Is USD

Morningstar® Benchmark

BofAML Global High Yield Constrained TR USD

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Investment Objective

The investment objective of the Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Barclays Global Corporate ex EM Fallen Angels 3% Issuer Capped Index.

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Portfolio Profile16/08/2017

Morningstar Style Box®

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Fixed Income Style

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Asset Allocation %

Long

Short

Net

Stocks

0.00

0.00

0.00

Bonds

97.20

0.00

97.20

Cash

1.06

0.00

1.06

Other

1.74

0.00

1.74

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Top Fixed Income Sectors

Fixed Income Sector

%

GlobalBondSectorBreakdown_3030

97.19

GlobalBondSectorBreakdown_5010

1.07

GlobalBondSectorBreakdown_3020

0.91

GlobalBondSectorBreakdown_3040

0.40

GlobalBondSectorBreakdown_1010

0.24

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Top Holdings

Name

Country

%

IncreaseDecreaseNew since last portfolio

Sprint Cap 8.75% 2032-03-15

United States

1.16

Softbank Grp 144A 4.5% 2020-04-15

Japan

1.13

Unicredit Spa 6.95% 2022-10-31

Italy

1.04

Sprint Cap 6.875% 2028-11-15

United States

0.93

Intesa Sanpaolo 6.625% 2023-09-13

Italy

0.87

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AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.